CHICAGO TRUST Co NA Sells 465 Shares of PriceSmart, Inc. (NASDAQ:PSMT)

CHICAGO TRUST Co NA lowered its position in shares of PriceSmart, Inc. (NASDAQ:PSMT) by 17.0% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 2,278 shares of the company’s stock after selling 465 shares during the period. CHICAGO TRUST Co NA’s holdings in PriceSmart were worth $210,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. West Oak Capital LLC grew its holdings in shares of PriceSmart by 48,368.6% during the fourth quarter. West Oak Capital LLC now owns 16,964 shares of the company’s stock worth $1,564,000 after purchasing an additional 16,929 shares during the last quarter. Harbor Capital Advisors Inc. boosted its position in PriceSmart by 47.0% during the 4th quarter. Harbor Capital Advisors Inc. now owns 18,195 shares of the company’s stock worth $1,677,000 after buying an additional 5,818 shares during the period. JPMorgan Chase & Co. grew its holdings in PriceSmart by 8.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 42,955 shares of the company’s stock worth $3,942,000 after acquiring an additional 3,406 shares during the last quarter. Geode Capital Management LLC increased its position in PriceSmart by 3.8% in the 3rd quarter. Geode Capital Management LLC now owns 684,870 shares of the company’s stock valued at $62,868,000 after acquiring an additional 25,216 shares during the period. Finally, Barclays PLC increased its position in PriceSmart by 227.3% in the 3rd quarter. Barclays PLC now owns 46,710 shares of the company’s stock valued at $4,287,000 after acquiring an additional 32,438 shares during the period. Institutional investors and hedge funds own 80.46% of the company’s stock.

PriceSmart Price Performance

PriceSmart stock opened at $84.86 on Tuesday. The stock’s 50 day moving average is $91.55 and its 200 day moving average is $88.82. PriceSmart, Inc. has a one year low of $74.74 and a one year high of $99.23. The firm has a market cap of $2.60 billion, a P/E ratio of 18.57 and a beta of 0.86. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.22 and a quick ratio of 0.45.

PriceSmart (NASDAQ:PSMT) last issued its quarterly earnings results on Wednesday, January 8th. The company reported $1.21 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.43 by ($0.22). PriceSmart had a return on equity of 12.63% and a net margin of 2.83%. The firm had revenue of $1.26 billion during the quarter, compared to analyst estimates of $1.24 billion. During the same quarter last year, the firm posted $1.24 EPS. The firm’s revenue for the quarter was up 7.8% on a year-over-year basis. As a group, research analysts expect that PriceSmart, Inc. will post 5.28 EPS for the current year.

Insider Buying and Selling at PriceSmart

In other news, EVP David R. Price sold 2,750 shares of the business’s stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $92.24, for a total value of $253,660.00. Following the transaction, the executive vice president now directly owns 48,844 shares of the company’s stock, valued at $4,505,370.56. The trade was a 5.33 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Jeffrey Fisher sold 5,478 shares of the firm’s stock in a transaction that occurred on Thursday, November 7th. The stock was sold at an average price of $90.83, for a total value of $497,566.74. Following the sale, the director now directly owns 21,646 shares of the company’s stock, valued at $1,966,106.18. This represents a 20.20 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 15,463 shares of company stock valued at $1,400,727. 17.10% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Separately, StockNews.com cut shares of PriceSmart from a “buy” rating to a “hold” rating in a research note on Friday.

PriceSmart Profile

PriceSmart, Inc owns and operates U.S.-style membership shopping warehouse clubs in the United States, Central America, the Caribbean, and Colombia. The company provides basic and private label consumer products under the Member's Selection brand, including groceries, cleaning supplies, health and beauty aids, meat, produce, deli, seafood, and poultry.